RIL Q4 FY14 ESTIMATES
By SP Tulsian
Reliance Industries Ltd. (RIL) will declare its Q4 FY14 (quarter ended 31st March, 2014) results on Friday 18th April, 2014. Our estimates are as under:
(Rs./Crore)
| Particulars | Q4 ending 31-03-14 (Estimated) | Q3 ending 31-12-13 (Actual) |
| Segment Revenue |
|
|
| 24,810 | 25,280 |
| 94,960 | 95,432 |
| 1,690 | 1,733 |
| 200 | 209 |
| Gross Turnover | 1,21,660 | 1,22,654 |
| Less: Inter Segment | 15,860 | 16,271 |
|
| 1,05,800 | 1,06,383 |
| Less: Excise Duty | 2,850 | 2,862 |
| Net Turnover | 1,02,950 | 1,03,521 |
|
|
|
|
| EBIT Margins |
|
|
| 1. Petrochem (8.10%) | 2,010 | 2,124 |
| 2. Refinery (3.80%) | 3,610 | 3,141 |
| 3. Oil & Gas (32.55%) | 550 | 540 |
| 4. Others | 70 | 94 |
| PBIT | 6,240 | 5,899 |
| Less: Interest Expenses | -810 | -792 |
| Add: Interest Income | 1,890 | 1,847 |
| Add: Other Unallocated Income | 20 | 38 |
| PBT | 7,340 | 6,992 |
| Less: Provision for Tax @20.90% | -1,535 | -1,459 |
| Less: Deferred Tax | -35 | -22 |
| Profit After Tax | 5,770 | 5,511 |
| EPS | '17.85 | '17.10 |
*Figures in brackets indicates % margin for Q4FY14.
Notes:
- GRM for March 2014 quarter is estimated at $ 9.20 per barrel ($ 7.60 in Q3FY14).
- Singapore GRM in Q4 FY14 was at $ 6.30 while it was at $ 4.40 in Q3.
- EPS for FY14 is likely to be at Rs.68.45.